IRS Announces 2017 Estate, Gift and GST Tax Limits.  The IRS has announced that, for 2017, the lifetime gift and estate tax exemption will be $5.49 million per individual.  This represents an increase from $5.45 million in 2016.  That means that an individual can give...

Many families use irrevocable trusts to make gifts to their children and loved ones, as these trusts offer certain income and estate tax advantages.  Historically, it was very difficult and costly (sometimes even impossible) to alter the terms of these irrevocable trus...